Accounting bodies, IMDA roll out plan to help smaller firms adopt technology

Singapore

SINGAPORE'S accountancy sector will push ahead with digitalisation through a new accountancy industry digital plan (IDP) developed by the Singapore Accountancy Commission (SAC), the Institute of Singapore Chartered Accountants (ISCA) and the Infocomm Media Development Authority (IMDA).

The plan will help small and medium-sized practices (SMPs) - which make up 98 per cent of the accountancy industry - adopt technology for greater productivity and competitiveness.